Sunday, 27 August 2017

Nifty Spot Outlook for 28th Aug

NIFTY

Nifty spot opened at 9881.20 and made a high of 9881.50 , it made a low of 9848.85, before closing at 9857.05

Had mentioned that long positions for the day can be taken above 9885 and short positions can be taken below 9825 . Nifty traded between our long and short trigger levels of 9825 - 9885 the entire day giving no opportunity to take a trade .

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 9825 to test 9795 - 9785 initially and sustaining below it we can see a test of 9755 - 9725. Breaking and sustaining above 9885 we can see a bounce till 9915 - 9925 initially and breaking and sustaining above it we can see a test of 9950 - 9980 " , and we saw Nifty trade in a narrow range between 9825 - 9885 the entire session giving no trade. Now in the coming session Nifty needs to break and sustain below 9830 to test 9800 - 9790 initially and sustaining below it we can see a test of 9765 - 9735 . Breaking and sustaining above 9885 we see a bounce till 9915 - 9925 initially and breaking and sustaining above it we can see a test of 9950 - 9980 .

Nifty Spot Levels for the day are

Long above 9885 for 9905 - 9925 - 9980 , SL 9845

Short below 9830 for 9810 - 9790 - 9735 , SL 9865

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.